“We this as a great urban infill opportunity in a growing, dynamic, walkable area next to a major transit hub,” Brinkman said.

City leaders said the development is the first hotel in the city of 112,000.

“Visitors have been clamoring for it, residents have been clamoring for it, we’re thrilled to have a Hilton in Arvada,” said Mayor Marc Williams.

As a tax-increment financing project, the developers purchased the property from the city’s urban renewal authority at a discounted price, and received an $800,000 lodging tax rebate among other incentives to offset a $5.6 million funding gap.